Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

Latvian Lending Marketplace Mintos Expands Beyond Loans to Offer Investments 

Latvian Lending Marketplace Mintos Expands Beyond Loans to Offer Investments 
Latvian Lending Marketplace Mintos Expands Beyond Loans to Offer Investments 
September 09, 2021  |  Investments

After six years of operating as a peer-to-peer (P2P) lending marketplace, Mintos CEO and Co-founder Martins Sulte said that it made sense for the company to...

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CFPB Sues LendUp Alleging Online Lender Broke Consent Order
CFPB Sues LendUp Alleging Online Lender Broke Consent Order
September 08, 2021  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is alleging in court that LendUp Loans has violated a 2016 consent order and deceived borrowers, according to a...

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Trade Ledger, ScotPac Team to Fast-Track SMB Loan Approvals
Trade Ledger, ScotPac Team to Fast-Track SMB Loan Approvals
September 06, 2021  |  B2B Payments

FinTech Trade Ledger is partnering with small- to medium-sized business (SMB) lender ScotPac to accelerate loan application turnaround times, according to a press release. Get...

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Small Lenders Question Scope, Impact of CFPB’s Proposed Disclosure Rules
Small Lenders Question Scope, Impact of CFPB’s Proposed Disclosure Rules
September 03, 2021  |  CFPB

Two organizations representing lenders have expressed reservations about a new rule proposed Wednesday (Sept. 1) by the Consumer Financial Protection Bureau (CFPB). The rule, if finalized, would require lenders to disclose...

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China to Send Banks Money for SMB Aid
China to Send Banks Money for SMB Aid
September 01, 2021  |  Loans

China’s central bank is planning to provide 300 billion yuan, or $46.4 billion, in low-cost funding to aid banks in providing support for small- and...

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CFPB Proposal to Help SMBs Gain Access to Credit
CFPB Proposal to Help SMBs Gain Access to Credit
September 01, 2021  |  CFPB

The Consumer Financial Protection Bureau (CFPB) proposed a new rule Wednesday (Sept. 1) that will help small- to medium-sized businesses (SMBs) get access to credit,...

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Mastercard’s Finicity Adds Automation To Loan Origination Software
Mastercard’s Finicity Adds Automation To Loan Origination Software
August 26, 2021  |  Loans

Mastercard FinTech company Finicity on Thursday (Aug. 26) announced an expansion of its one-touch mortgage verification service, which will now be integrated into ICE Mortgage...

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Facebook Launches SMB Loan Program With India’s Indifi 
Facebook Launches SMB Loan Program With India’s Indifi 
August 20, 2021  |  SMBs

Facebook is teaming up with Indifi, an online lender in India, as part of a larger initiative to bring on more local businesses as advertisers,...

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Wells Fargo Backtracks, Will Keep Existing Personal Credit Lines
Wells Fargo Backtracks, Will Keep Existing Personal Credit Lines
August 18, 2021  |  Loans

Wells Fargo has gone back on a previous declaration that it would be doing away with its personal credit lines, Bloomberg reported. Get the Full...

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